MACQUARIE Goodman, the world's second-largest listed industrial property group, announced yesterday that it has signed a Shanghai sale-and-purchase deal for 121 million yuan (US$15.5 million).　

The property is a distribution center in southern Fengxian District. "This acquisition is another major milestone for Macquarie Goodman in China," said Philip Pearce, managing director of Macquarie Goodman's China operation."We are ambitious about the Chinese market and we look forward to further capitalizing on the momentum gained to accelerate our business expansion in the region."

The group, which entered the China market about a year ago, has started talks on other deals, hopefully to be completed by the end of the year, said Cindy Ma, a marketing official with the company.

The Fengxian acquisition, signed in January, is the Australian company's first sale-and-purchase deal in China. The firm has also signed an agreement to build a logistics center for DHL-Exel in the Kangqiao area in Pudong, which is still under construction.

The 48,000-square-meter warehouse in Fengxian, completed in November 2005, has easy access to the Pudong International Airport and the Yangshan Deep-Water Port. It has been leased for 10 years to Lotus, a major supermarket chain owned by Thailand's CP Group, the company said.

Andrew Hatherley, executive director of industrial and logistics services for CB Richard Ellis' China operation, said he has seen increased interest in industrial and warehouse facilities from both local and overseas investors. He believes the demand for quality warehousing space will continue to grow, fueled by the burgeoning Chinese logistics industry.

Last month, New City Corporation, a Tokyo-based real estate merchant banking and investment management company, sealed its first China deal by acquiring the second phase of the Waigaoqiao Logistics Center in the Shanghai Pudong Waigaoqiao Logistics Park at an undisclosed price.

Source:佚名